DID LOUIS JOSEPH PELLEGRITI CAUSE YOU INVESTMENT LOSSES?
Louis Pellegriti Formerly With Spartan Capital Securities, LLC Has 5 Customer Complaints For Alleged Broker Misconduct
Who is Louis Pellegriti formerly with Spartan Capital Securities, LLC?
Louis Pellegriti (CRD #5891855) who was formerly registered Spartan Capital Securities, LLC and located in New York, New York City is a subject of one of our many securities industry sales practice abuse investigations. Prior to Spartan Capital Securities, LLC, Louis Pellegriti was associated with other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems. Louis Pellegriti has had his own regulatory problems. Last year he was suspended indefinitely for failing to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request that he provide information concerning the status of compliance with the award.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Louis Pellegriti Customer Complaints
Louis Pellegriti has been the subject of 5 customer complaints that we know about seeking to recover investment losses. One customer complaint resulted in an arbitration award in favor of the investor for his alleged misconduct. Two of the customer complaints were settled by Spartan Capital Management in favor of the investors for Louis Pellegriti’s alleged misconduct. His former employers denied, and the other 2 customer complaints and the investors took no further action.
Allegations Against Louis Pellegriti
A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:
- Misrepresentations concerning splitting of Apple stock to induce client to purchase stock.
- The client sought diversification of portfolio and instead was sold an investment in a REIT that was not diversified, illiquid and misrepresented.
- Breach of fiduciary duty and negligence.
- Churning, unsuitability, breach of fiduciary duty, and unauthorized trading.
- Churning customer’s account.
- Qualitative and quantitative unsuitability of transactions and customer’s account.
Louis Pellegriti Red Flags & Your Rights As An Investor
Of course, Louis Pellegriti did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Louis Pellegriti at Spartan Capital Securities, LLC on alert to review carefully the activity and performance of their accounts and question whether Louis Pellegriti has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Spartan Capital Securities, LLC also raises questions about the brokerage firm’s supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At Spartan Capital Securities, LLC Due To Louis Pellegriti
If you have questions about Spartan Capital Securities, LLC and/or Louis Pellegriti and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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